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What is Bookkeeping? A Complete Beginner’s Guide to Bookkeeping for Small Business [Video]

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Starting a Business Starting A Business From Home

How important is bookkeeping for a small business? A superb summary by a Northern Ireland-based specialist sums up just how vital bookkeeping is for companies big and small.

Marie, of New Balance Bookkeeping, pointed out that “staying on top of their accounts” can help companies to “make strong business decisions”.

Introducing the work of her own business, Marie explained that New Balance is a “small, client-focused practice”.

“We’re very very small at the moment but hoping to grow bigger and we have quite a varied client base. We deal with lots of small businesses but we have some as well which would be classed as micro-entities and slightly bigger as well.”

She answered a common question those outside the business community might ask by outlining the crucial difference between a bookkeeper and an accountant.

“Going back years ago there was quite a marked difference…I think now the gap is starting …

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